Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-09-22
ON WALL STREET.
Stocks Unusually Weak-Well-DefiHe
Tendency to Wsit for the Treasury
Depar, meBt to kct.
The Closing Prices Active and Strong a. Tx
Best Figures of the Day-Railway
Bonds Generally Lower.
COMMERCIAL RESUME.

COMMERCIAL RESUME.
special so the Gazette.
NEW YORK, Sept. 2l.--Railway bonds
to-dsy closed as follows: Fort |
Worth end Denver CitYat 794; Texas and |
Pacific incomes 81 Il; Rios at so; st.
Louis, Arkansas and Texas rs at 974; 2's
at 81; Houston and Texas Central gen
eral certificates at 6l4; Missouri, Kansas
and Texas 6's at So; rs at 93s; Gulf,
Colorado and Santa Fe 2's at l0Ct.
Sterling weaker.
Governments steady.
Money 4(dG per cent.
Silver 90.
Wheat active.
Oil Gar
Cotton firm
Coffee strong st sn advance.
Sugar is materially unchanged.
There is no increased movement in the
wool market.
GOVERNMENTS, STOCKS AND BONDS.
New YORK, Sept. 2l-The stock mar
kec to-day wss slightly less active than
Yesterday, but wcs equally feverish and
subject 20 sudden charges from activity
to duilness and strength to weakness.
The activity was most noticeable during
the weak spells. During the forenoon
and later IN the day, during the strength
periods, there was Z disposition TO await
the rcsion OF the Treasury, but in the alb
sence of liquidation the bears attacked the
list again with more success. The weak
ness was intensified after the small
amount of funds offered became
known, but better feeling pre-
vailed later ard the bulls assumed
command OF the market. The general
opinion seemed to be that the small Offer
ings Indicated that the government had
absorbed the floating supply OF the 4's,
and viii have TO buy is and 3's in order
10 relieve the the pressure upon the
money market. The announcement OF the
small offerings c1used rush to sell by
the bears which, notwithstanding the re-
sistance offered by the purchasers of
foreign account and more Influential
trsders, brought prices down sharply for
short time. The overSold condition CT
the market is shown by the fact that the
most active stocks loan ST g premium for
use, and the bulls assert that any attempt
to cover the outstanding shorts would pre-
cipitate rise of 10 per cent. The activity
in Reading was great, but its Influence on
values was not greater than Western
Union, New England or St. PsUl. There
were no special favoriies in the list, but
all were equal shdrers in the movement
Of the day under The inf uenCe OF more
hopeful feeling and purchases by for
eiguers. Prices were materially higher
ct the opening, advances ranging up 70
{ The improvement was quickly lost,
the market being weak from the opening,
and in the first twenty minutes Missouri
Pacific lost 3 and others lesser amounts,
though specially heavy Losses were suS
taincG by some of the spec'Gizias. The
market rallied and recovered most CT the
loss, but again became Wa8k and actlVe
before noon, eud from ! to II vas kn0ck-
ed IF with Western Un,on leading in the
decline, though it WAS later displaced By
Nav Englsnd. The Decline received 81
impetus after - m, anu the lowest fig
ufes generally were Ieac9ed bY 1880
when d decidedly strong tone marked the
dealings, aud prices rose rapidly
until DaGr O'Clock, wbon2 quiet period
occurred. The advance WSs restored
with force after the delivery hour, and
the close WAS active and strong at tbs
best prices Of the DAY. Almost everything
is higher. The only notable exceptions
are Wheeling and Lake Erie and Oregon
?
cent. respectively, but Michigan Central
is up per cent, Colorado Co4l I,
Louisville and Nashville lg, Hooking Va
ley D, Hooking C0sl q, Western
Union l.
Railroad bonds showed . little more
life, and sympathized with the movements
II stocks, but they failed 70 respond fully
to the Improvement Of the afternoon
Al-nnS- pyprv4 hi0o q lower
THE WOOL MARKET
ST LOUIS, Mo- Sept. 2l.-TAe wool
market for the past week has been qui5a
and easy. Receipts OF all kinds includ
ing rev fsll Texas arc very light though
fully equsl TO the outward movement.
Manufacturers still continue their hand
10 mouth policy so that outside Of some
miscellaneous orders from western mills
for black woods, and Z few direct orders
from the east for cheap Texas and Terri
tory, there hiss been but little or nothing
done. Manufacturers see and hear 0;
plenty OF wool still IN the hands Of hold
ers, aud therefore do not fear IN advance
on the score Ct scarcity IS money is again
tight in The esst and interest is unusually
high. Manufacturers do not care TO Dor
row and invest in wool, while holders FOL
the very same reason are anxious Il
realize, and therefore disposed TO pres:
sales. With an easier money mar
ket an improved trade in WOO
would be looked for as wool goods ar
moving freely while the prices obtained
fer them are more satisfactory owing t
less competition from toreisn goods du'
10 strOrg markets abroad for both wjo
AID WOolen goods.